Partnership · Financial Services
Drip Capital signs MoU with Maharashtra government at Davos
By Startup Enthusiast ·
- Date
- Company
- Drip Capital
- What it does
- Digital trade finance platform
- Kind
- Partnership
- Amount
- Rs 10,000 crore
- Sector
- Financial Services
What they do
Drip Capital is a digital platform that provides collateral-free trade finance to exporters
What happened
It signed an MoU with the Maharashtra government at WEF Davos to disburse Rs 10,000 crore over five years
Why it matters
The funding aims to ease working capital constraints for MSME exporters and support job creation
The details
- Drip Capital signed an MoU with the Government of Maharashtra at the WEF Davos summit.
- The company committed to disburse Rs 10,000 crore in collateral-free trade finance to Maharashtra MSMEs.
- The disbursement will happen over five years, from 2026 to 2031.
- The funding aims to ease working capital constraints for exporters.
- It is also expected to support employment generation in the state.
The bigger picture
- India's MSME sector faces a credit gap of nearly Rs 30 lakh crore, according to SIDBI.
- Bridging this gap could unlock an additional Rs 9-10 lakh crore in export value annually.
- Drip Capital's commitment targets a portion of this gap for Maharashtra-based exporters.
About the business
- Drip Capital is a digital platform for trade finance.
- It uses automated risk assessment to provide collateral-free financing.
- The company has facilitated over Rs 66,000 crore in trade financing.
- It has served over 11,000 businesses so far.
- Its focus is on helping exporters access working capital quickly.
What happens next
- Drip Capital will disburse the committed amount over five years starting 2026.
- The funding will target collateral-free trade finance for Maharashtra MSMEs.
- The initiative aims to ease working capital constraints and boost exports.
The deal
- Type
- partnership
Founders
- Pushkar Mukewar, Founder and CEO
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